Commerzbank and DWS chose to drop the accounting firm’s German affiliate. Both would face conflicts of interest if they decided to sue EY for any role it played in auditing Wirecard, while also being audited by it. Read More WSJ.com: Markets...
A group of buyout investors has made a takeover offer for railroad operator Kansas City Southern, which has a market value of more than $17 billion, according to people familiar with the matter. Read More WSJ.com: Markets...
The company faces a civil fraud investigation over its early failure to fully disclose its practice of selling clients’ orders to high-speed trading firms, people familiar with the matter said. Read More WSJ.com: Markets...
More than $30 billion in new assets hit the U.S. ETF industry last month. Read More ETF.com...
Even if the economy performs poorly over the next month, third-quarter gross domestic product is going to look very good. And even if the economy does well in September, it will still be in a deep hole. Read More WSJ.com: Markets...
The retailer fared better than expected last quarter, bolstered by off-price and luxury, but that isn’t enough to start celebrating. Read More WSJ.com: Markets...
Do-It-Yourself tactical asset allocation weights for the Robust Asset Allocation Index are posted here. (Note: free registration required) Request a free account here if you want to access the site directly. Exposure Highlights (bold implies a month over month change):The information contained herein is only...
A rebound in the U.S. currency drove a slide in gold and silver prices, highlighting a risk to this year’s booming rally in precious metals. Read More WSJ.com: Markets...
Baillie Gifford, the Scottish investment house that is Tesla’s second-largest shareholder after Chief Executive Elon Musk, has pared its holdings in the electric-car maker, the latest ripple effect of the company’s soaring market value. Read More WSJ.com: Markets...
Pernod Ricard, which distills Jameson whiskey and Absolut vodka as well as its namesake French aperitif brands, on Wednesday reported a 12% decline in recurring profits for its financial year through 30 June. Read More WSJ.com: Markets...